Brief: Ten Sixty Four Says 3 Former Directors & Executives Commenced Proceedings In Court Against Co

Ten Sixty Four

08/07/2022 04:47

July 8 (Reuters) - Ten Sixty Four Ltd  X64.AX :
    * THREE FORMER DIRECTORS AND EXECUTIVES COMMENCED
PROCEEDINGS IN
SUPREME COURT OF WESTERN AUSTRALIA AGAINST CO ON 27 JUNE
    * PROCEEDINGS INVOLVE CLAIMS OF "OPPRESSIVE CONDUCT" AGAINST
CO
    * BOARD CONSIDERS SUPREME COURT PROCEEDINGS ARE NOT MATERIAL
TO CO
    * SUPREME COURT PROCEEDINGS AGAINST CO WILL BE DEFENDED
    * PROCEEDINGS INVOLVE AN ALTERNATIVE CLAIM FOR AN ALLEGED
"BREACH
OF DUTY OF CARE" TO PLAINTIFFS
    * PROCEEDINGS CONCERN ALLEGED FAILURE BY CO TO EXERCISE
CONTROL
OVER UNIT PHILSAGA MINING & CONDUCT OF UNIT'S PRESIDENT

Source text for Eikon:  ID:nASX82m18J 
Further company coverage:  X64.AX 

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